Double-digit revenue growth: +14%
Success of the Cloud: 12 million invoices processed (+20%)
VERY STRONG Q1 2016: Revenue up 14%
| Revenue* (in € millions) Sidetrade Group | 2016 | 2015 | Change |
| Q1 Revenue | 4.3 | 3.8 | +14% |
* The 2016 data is consolidated and unaudited.
In Q1 2016, Sidetrade Group generated consolidated revenue of €4.3 million, representing year-on-year growth of 14%.
Sidetrade Group posted very strong organic growth over the opening three months of the year.
Success of the Cloud: 12 million invoices processed (+20%)
The Sidetrade Cloud continues to achieve very strong growth with volumes accelerating. Over 12 million invoices were processed via the Sidetrade platform over the first three months of 2016, a 20% increase.